Correct. Far far far far far better than any Detroit noisemaker.
The grapple arm on the blade is for driving in and retrieving logs to the skid trail so they can be picked up on the way out. The drawback is that it hangs so far out beyond the tire. It makes it very hard to use as a "thinning" machine. You'll be scarring trees ever other minute.
It also has the mounts for another "clam" grapple arm on top of the blade so that you can take brush and tops back out to the woods.
That machine only lacks lock-in / lock-out differentials. If they came with those, like a Deere, then they'd be the ultimate cable machine.
I have a C5D with a Deutz 5 cyl. It just never stops. Best skidder engine ever.